The foreign income is likely a percentage of the total income on your 1099.
- How does the total foreign income and qualified income affect my taxes? Does it only impact the % of my foreign tax withheld that I get a credit for?
- It shows the IRS the amount of income that was taxed by a foreign country which substantiates the allowance for the foreign tax credit.
- How do I calculate total foreign income from my 1099 for ETFs?
- In the documents that came with your 1099(s) they should also provide a percentage of income that is from foreign sources. If you don't see that you should contact your financial agent or facility for assistance.
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